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Dow Chemical announced on October 6 that it plans to build the world's first net-zero carbon ethylene facility
.
Dow said it expects to allocate about $1 billion in capital spending annually to decarbonize its global base in a phased, site-by-site manner
.
Dow expects the new ethylene cracker to add approximately 1.
8 million tons of capacity in phases by 2030, which, coupled with derivatives capacity and site modification investments, will enable the company to produce and supply approximately 3.
2 million tons of certified zero-carbon polymer.
Ethylene and ethylene derivatives
.
Dow expects that short-term capital and operational growth investments are expected to generate approximately $2 billion in additional EBITDA, and the new net-zero carbon ethylene and derivatives complex is expected to provide approximately $1 billion in annual EBITDA through 2030
.
